PositiveID’s Caregiver Non-Contact Thermometer Records an Estimated 50 Million Temperatures in 2015
PositiveID Corporation
3 minutes ago
GlobeNewswire
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DELRAY BEACH, Fla., Feb. 29, 2016 (GLOBE NEWSWIRE) -- PositiveID Corporation (“PositiveID” or “Company”) (PSID), a life sciences company focused on detection and diagnostics, announced today that its Caregiver® FDA-cleared, non-contact thermometer, marketed by the Company’s Thermomedics subsidiary, recorded an estimated 50 million temperatures in 2015. The Caregiver thermometer is targeting the infrared temperature monitoring device market, which is the fastest growing segment of the global temperature monitoring device market estimated at $1 billion by 2020.
Caregiver is a clinical grade, infrared thermometer for measurement of forehead temperature in adults, children, and infants, without contact. It delivers an oral-equivalent temperature directly from the forehead in 1-2 seconds. Since there is no skin contact and Caregiver does not require probe cover supplies, it reduces the risk of cross-contamination, which is an increasing concern, and saves healthcare facilities the cost of covers (as much as $0.05 to $0.10 per temperature), storage space, and waste disposal costs. It is estimated that Caregiver can offer savings of $250 or more per year per device in probe cover supplies alone.
“The increasing demand for infrared thermometers like Caregiver, which we believe is due to outstanding performance and the ability to limit the spread of infectious diseases and reduce health care costs, is driving growth in the non-contact temperature monitoring device market,” stated William J. Caragol, Chairman and CEO of PositiveID. “With our recent announcement last month that we entered into new agreements with five healthcare products distributors, adding to the existing distribution channel we have established for Caregiver, we are confident we can continue to grow Caregiver’s penetration in the fastest growing segment of the overall market.”
The global market for temperature monitoring devices is forecast to reach $1 billion by 2020, with infrared thermometers experiencing the fastest growth driven in part by concerns over the spread of highly infectious diseases like Ebola, according to Global Industry Analysts, Inc. The Company’s estimated number of temperatures is based on its installed base and industry estimates of the average number of beds and temperatures taken per bed in hospitals daily.
